People living in extreme poverty globally falls below half the 1990-level

Extreme poverty in the world has declined by as much as 10%. While the world's population has increased by 2 billion since 1990 to 2015, the people living in extreme poverty has more than halved, according to a World Bank report.

Between 1990 to 2015 the world's population had increased by about two-fifths, from 5.3 billion to 7.3 billion. However, the number of people living in extreme poverty has fallen from 2 billion in 1990 to about 700 million in 2015.

At the same time, the number of people living above the extreme poverty line doubled – from 3.3 billion to 6.6 billion, said the report.

People considered as living below the poverty line are those earning $1.90 per day in 2011.

The report further showed the difference between poverty rate and estimated number of poor people.

For instance, in India in 2012 had a poverty rate of 18.7%, but had an estimated 230.8 million poor people. Similarly China with a 6.% poverty rate had 87.4 million people below the poverty line. However, Madagascar with an 82.1% poverty rate had only 18.3 million under the poverty line.